
"In a sense the energy efficiency of our growth has been coming down and the reason for this is that the real prices of energy in India are some of the highest in the world. If you look at energy pricing in India in the context our GDP, in the context of per capita income, you will see that the energy prices in India are very high," he said.
"This is what has spurred a great deal of effort in energy efficiency. The energy intensity of our growth has been going down, which also means that the carbon intensity of our growth is going down," he said. Saran said the Indian Government has set mandatory energy audits, has mandated energy standards, and also have energy conservation building code. "We gave a sense of how we are going about improving our energy efficiency," he said.
Source - Press Trust of India